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DS-Concept provides factoring facility in China
05
Apr '16
DS-Concept Factoring Inc, a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million export accounts receivable facility to an apparel exporter in China as well as to their US subsidiary.

The client company provides products to retailers and wholesalers in the United States, and is growing significantly and anticipates a total factored volume of $25 million for 2015.

“It's always exciting to work with a client who is knowledgeable enough in their industry to be expanding into different markets,” states Brandyn Prust, Vice President of Sales at DS-Concept. “Their new presence in the US will grow their book of business and allow them to target retailers which don't always purchase on FOB terms.”

“Together with our team in Shanghai, we have been able to provide a comprehensive solution for Chinese nationals who open subsidiaries but have difficulty obtaining adequate lines of credit in the US.” (MCJ)

DS-Concept Group

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